The Individual Loan (IL) is designed for individual entrepreneurs that need of additional working capital or acquisition of fixed assets. The Target clients of the loan should have small or medium-size businesses which requiring loans up to KHR 40,000,000 or its equivalent.
LOLC’s Individual Loan offers clients a number of key benefits:
- A reasonable interest rate, calculated based on outstanding balance,
- Convenient option to apply for and repay loan at nearest LOLC office or any money transfer agents which has been incorporated with LOLC,
- Flexible loan terms and repayment plan that are catered to your need.
The Individual Loan (IL) is designed for adapting to the needs of our clients by allowing several options of repayment mode:
- Fixed installment (monthly interest and principal repayment),
- Semi-balloon (monthly interest repayment and the principal repayment based on cash flow analysis and mutual agreement),
- Annuity, or,
- Flexible annuity.